Amex Exploration Receives TSXV Acceptance for C$52.5M Financing and Eldorado Investment

Amex Exploration Inc. has announced that it received conditional acceptance from the TSX Venture Exchange for its previously announced LIFE Offering and concurrent private placement. The company expects to close these transactions on May 21, 2026, securing aggregate gross proceeds of approximately C$52.55 million. This capital raise includes the issuance of over 11.6 million common shares at C$4.50 per share. Additionally, joint bookrunners hold an option to sell up to 1.45 million additional shares, potentially raising an extra C$6.52 million. A significant component of the financing involves strategic investor Eldorado Gold Corporation, which intends to purchase up to US$15 million in shares. However, the completion of Eldorado's investment is contingent upon receiving approval from Amex's disinterested shareholders to classify Eldorado as a Control Person. This approval is scheduled for vote at the annual general meeting on June 16, 2026. If approved, this portion of the investment will close as a second tranche following the meeting. The announcement confirms the structural details and regulatory progress of the company's major capitalization efforts.